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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Iceberg who wrote (832)	12/7/1998 10:59:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Iceburg: You can find a definition of a tick at: nyse.com Could someone who follows the Prem and Trin closely explain them to Iceburg. How about you SE or Patrick... Anyone know of a site that has definitions for the above? I would like to add it to my list of bookmarks/favorites! EDIT: TRIN decisionpoint.com Regards, LG

To: Iceberg who wrote (832)	12/7/1998 11:03:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 99985

Along with LG's suggestion here is a glossary link. traders.com

To: Iceberg who wrote (832)	12/7/1998 11:06:00 PM
From: HairBall	Respond to of 99985

Iceburg: I edited my post to you. Regards, LG

To: Iceberg who wrote (832)	12/7/1998 11:29:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 99985

Ice.. tick and trin Each is a short term, nearly real time measure of market buying and selling and is posted concurrently on most quote sites including CNBC and the stock exchange display. Tick is net ticks (trades) up or down. Zero is even selling and buying. Extremes usually don't go past plus 1000 or negative 1000, though I've seen each exceeded for short periods of time. Note that the size of the trade isn't mentioned... that's where trin comes in. This site does an ok job of explaining: e-analytics.com "The calculation of TRIN is the ratio of the number of advancing issues to the number of declining issues divided by the ratio of the volume of the advancing issues to the volume of declining issues. New York Stock Exchange daily data is used in the calculation. (advancing issues/declining issues) divided by (volume of advancing issues/volume of declining issues) Arms Ease of Movement measures the relative strength of the volume associated with advancing stocks and conversely, with declining stocks. At a level of 1.00 the market is in balance. Readings above 1 indicate that more volume is moving into declining stocks. A reading below 1 indicates that more volume is moving into advancing stocks. On the technical analysis software program I use, TRIN is in balance at 100 and fluctuates above and below that mark. Some programs use 1 and others 100. No big deal. Just be aware of it. I have found that this indicator is somewhat reliable when it reaches the extremes. That is, above 1.300 and below .400 I find it to relate a strong tendency in the market. However, at these extremes, it becomes obvious what's happening by looking at what's going on in the market. Therefore, it is fair to say that I don't use this indicator much on daily data." The thing to remember is tick is activity and trin is volume. They can be contrary at times.. with a negative tick and a positive trin (less than 1 or 100 depending on system). Tick shows the cross currents while trin shows where the tide is running. Jim